They haven't had great deeper drilling results at Tchaga, it looks like the mineralisation is either pinching at depth or they haven't hit the right spots yet. Although the fact they're no longer testing the mineralisation down-dip makes me think Mako believe the depth potential is limited.
Gogbala is patchy and low-grade, and I don't believe it currently has the legs to turn into an economic project.
We're definitely between a rock and a hard place, there are also other superior gold projects in West Africa trading at a discount which would make more attractive investments. We need some luck and some great drill results, others the manganese looks like the only potential sp trigger in the medium term.
Ann: Presentation to Africa Downunder Conference, page-71
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